Spain has taken a decisive step in advancing its climate agenda with the publication of Royal Decree 214/2025 and the launch of its Climate Emergency Plan. Together, these measures move ESG reporting from voluntary to mandatory, requiring large companies and public institutions to measure, disclose, and reduce their carbon emissions while strengthening climate…
September 2, 2025: The California Air Resources Board (CARB) released a draft checklist to support companies in preparing their first climate-related financial risk reports under SB 261, also known as the Climate-Related Financial Risk Disclosure Program. These reports are due January 1, 2026, and must then be submitted biennially thereafter.
…
August 26, 2025: Hong Kong is witnessing a surge in ESG investing, especially among family offices and wealth managers. This trend is prompting regulators—including the Hong Kong Stock Exchange (HKEX)—to tighten sustainability disclosure requirements and align with global standards.
What’s New?
Impact Investments Rising: By mid-2024, over half of family office deals in…
July 31, 2025: EFRAG has released revised Exposure Drafts of the European Sustainability Reporting Standards (ESRS), marking a major step towards simplifying corporate sustainability reporting across Europe.
Following the European Commission’s March 2025 request, these revisions respond to widespread stakeholder feedback to ease the reporting burden—particularly for smaller and mid-sized entities—while preserving the standards' core…
Brussels, 30 July 2025 – The European Commission has released a recommendation introducing a Voluntary Sustainability Reporting Standard for Small and Medium-sized Enterprises (VSME). Developed by EFRAG, this new standard is designed to simplify and harmonize how non-listed SMEs report on sustainability matters—particularly when responding to requests from large corporations and financial institutions.
Read…
The Science Based Targets initiative (SBTi) has released its finalized Financial Institutions Net-Zero (FINZ) Standard, the first global framework to guide banks, asset owners, asset managers, insurers, and other financial institutions in aligning their lending, investing, insurance, and capital markets activities with net-zero emissions by 2050.
What Is the SBTi?
Launched in 2015, the…
California regulators have released a detailed Frequently Asked Questions (FAQ) document to assist companies in preparing for the state’s upcoming mandatory climate disclosure requirements under two climate-related laws: the Climate Corporate Data Accountability Act (SB 253) and the Climate-Related Financial Risk Disclosure Act (SB 261).
What the FAQ Covers
SB…
The Global Reporting Initiative (GRI) has released its Textiles and Apparel Sector Standard exposure draft, aimed at improving sustainability disclosures in industries including textile, apparel, footwear, and jewellery.
What’s Covered in the Draft
Scope: Targets companies in the textile, apparel, footwear, and jewellery sectors.
Material Topics: Proposes 18 key disclosures, including…
The UK has stepped forward with its draft sustainability and climate reporting standards, and while they mirror global frameworks, there’s a local flavor to how the UK is planning to roll things out.
On June 25, the UK government introduced:
UK SRS S1: General sustainability-related financial disclosures
UK SRS S2: Climate-related disclosures…
If you've ever felt like ESG reporting is a maze of overlapping frameworks, you're not alone. But the Global Reporting Initiative (GRI) just dropped a major update that could help clear the path.
On June 26, GRI launched two new standards:
GRI 102: Climate Change
GRI 103: Energy
These aren’t minor tweaks. They…
In a strategic move to strengthen sustainability capabilities across sectors, the Accounting and Corporate Regulatory Authority (ACRA) has officially launched the Sustainability Reporting Body of Knowledge (SR BOK)—a national framework designed to guide training providers in delivering high-quality, globally aligned sustainability reporting programmes.
This initiative marks a major step in aligning Singapore’s sustainability education ecosystem…
The European Commission is preparing a sweeping update to the Common Agricultural Policy (CAP), introducing a new wave of subsidies aimed at promoting water-efficient farming across the continent.
Amid growing concerns over drought and water scarcity, the upcoming CAP revision will include targeted support to help farmers adapt to climate pressures while protecting Europe’s vital…
